Have any of you seen this? Hilarious: http://www.cramerwatch.org/ Make sure to check out the actual picks and p/l comparison.
No one could invent this stuff. If a monkey can beat Jim Cramer, what implications does this have for the human race? Planet of the Apes anyone? Hmmmm? http://artfiles.art.com/images/-/Planet-of-the-Apes-Photograph-C11797467.jpeg Will 'Bear Stearns' be renamed 'Ape Stearns' in the new millennium? Hmmmm?
You guys are fools. Cramer is one of the best on Wall St. but even the best are only as good as the current market conditions. I don't nessessarily like Cramer that much but I do respect his long track record and I give him the respect that, that deserves.
What does this statement really mean? Does it mean that a rising stock market lifts most boats, and that a falling stock market sinks most boats? And that Cramer can make "good" calls in a rising market, but not in a falling one? I knew as much.
What does Cramer's current TV gig have to do with his hedge fund days and his "track record?" Think he made those returns picking stocks with some great "insight" ... during a bull market? Then why can't he do better than random now? Gee, wonder how he did it? He must have been some kind of stock pickin' wizard back then, huh... http://www.amazon.com/Trading-Enemy...=pd_bbs_1/102-6116804-8765734?ie=UTF8&s=books
It means that even the best in this business the ones with the most consistency can only out perform the averages proportionately. Managing millions is a very different business and you need to get real about that.